Friday, 24 March 2017

Commissions & Fees

Wire Transfers
Subject
Maximum Commission
Other
Commission of Inward Transfer for non-clients and cashed over the counter
0.5% max 50 $
Max 7 $  for transfers less than 3,000 USD
Commissions of Outward Transfer in foreign currency to Bank branches outside Palestine
5 $
Upto 3,000 USD
10 $
Upto 20,000 USD
25 $
Upto 100,000 USD
Additional commission that does not exceed 0.05% for any additional amount over 100,000 USD
Commissions of Outward  Transfer to Bank branches inside Palestine
2 $
Upto 3,000 USD
4 $
Upto 20,000 USD
20 $
Greater than 20,000 USD
Commissions of Outward  Transfer to local banks
5 $
Up to 3,000 USD + 1 $ BURAQ & SWIFT commissions
8 $
Up to 20,000 USD + 1 $ BURAQ & SWIFT commissions
20 $
Up to 100,000 USD + 1 $ BURAQ & SWIFT commissions
0.05%
More than 100,000 USD + 1 $ BURAQ & SWIFT commissions
Commission of Outward Transfer to foreign banks
5 $
 Upto 3,000 USD + 1 $ BURAQ & SWIFT commissions
20 $
Upto 20,000 USD + 1 $ BURAQ & SWIFT commissions
70 $
Upto 100,000 USD + 1 $ BURAQ & SWIFT commissions
0.05%
More than 100,000 USD + 1 $ BURAQ & SWIFT commissions
Transferring inward transfer between banks Treated same way as outward transfer
Outward Transfer to foreign banks Inquiry
7$
+ fees and commissions related to correspondent  Bank
Inward transfer without IBAN / wrong IBAN
2
Up to 3000$ and 5$ for the amount over 3000$
Inward transfers from outside Palestine
2
Up to 5000$ and 4$ for the amount over 5000$
Amending outward transfer  
Commission issue same value transfer
-
-
Commission issue same value day transfer
-
-
Commission recall outward transfer Does not exceed the actual costs of the Bank in addition to any costs pertaining to correspondent banks

 

Safe Deposit Boxes
Subject
Height/cm
Annual Fee/ USD
Insurance/ JOD
Ramalla Branch
7
50
100
10
75
100
15
75
100
30
120
100
Nablus Branch
7.5
50
100
12.5
75
100
25.5
120
100

 

Other Services
Subject
Maximum Commission
 
Commission for Utility Bills and tax coucher payments
0.5$
Collected if over the counter
Commission of Standing /periodic Orders
5$
Collected once a year when requesting periodic standing order or its amendment, excluding standing orders for facilities due payments
Metal Coins Depositing Commission
2%
+ costs pertaining to Bank and/or correspondent banks
Commission of Cash Withdrawal (over the counter)
1$/ withdrawal
Collected from all clients except those not legible to obtain ATM card and which include those with physical disabilities (deaf, dumb, blind) and illiterate clients.
Excluding all clients withdrawing funds exceeding the ATM card’s daily limit
Phone, Fax, Mail and SWIFT charges
-
Withdrawn on customer account and according to cost
Commission of Statements of accounts (non periodic, on customer request)
0.15$ Per Page
First 20 transactions during the month are given to the customer free of charge for one time and upon his request (individuals)
Periodic statements of accounts are provided for all customers free of charge every twice/year (6 month periods) upon request – or sent to client according to mechanism agreed on earlier
Commission of historical Statements of accounts for closed accounts
1$/page
 
Commission of photocopying Docs and cheques.
0.5$/page
For documents that are less that 1 year old
Certificate of Balance / Interest / to whom it may concern / Bank Clearance
5$ for individuals 10$ for corporate
 
Online Banking services
Written consent on these charges are required from client before collection
Verifying Signature
5$
 
Commission for Cash withdrawal
0.05% max 300$
Commission charged on cash withdrawals of more than 30,000$ or equivalent. up to 300,000$ monthly.
The Bank has the right to not execute a cash withdrawal order for amounts larger than 100,000$ until two days after being notified.
The Bank can charge commissions on monthly withdrawals exceeding 300,000$ at the mentioned rated without maximum commission limit
to be collected only if the account holder withdraws the funds from his personal account
Commission of deposit in Israeli Shekel
0.2%
Commission can be charged on daily deposits for amount larger than 100,000 ILS or equivalent.
Banks may collect the commission on the total monthly deposits worth more than half a million shekels, provided that deposits that have already been charged a commission within the daily limit are not included in the calculation
Commission of deposit or withdrawal in any currency except (JOD,USD,NIS)
0.20 %
For the amount over than 20,000 EURO
Commission of deposit in one branch and withdrawal from another
0.025% or 10$ whichever is less
commission charged if deposit is in one branch and withdrawal is from another and in the same day
Accepting instructions by fax
5$
One time commission
Commission for Power of Attorney for individuals
5$
One time commission
Disbursement of gifts and aids against statements
3$
Per gift/aid transfer covered by granting party
Commission for dividing heirs' shares
5$
Per share excluding minors
Modify or add or delete authorized signatories
3$
 

 

Letters Of Guarantee
Subject
Minimum Commission
Maximum Commission
Calculation Period
 
Commissions of Issuing L/Gs in local currency
1% Per Annum Min 60$ for clients without limits, 50$ for clients with limits
2% Per Annum
-
-
Commissions of Issuing Foreign L/Gs or financial amendments
1% Per Annum Min 60$ for clients without limits, 50$ for clients with limits
2% Per Annum
on quarterly basis
Mail: 1.50 JOD for Foreign L/Gs min 35 JOD
Commissions of Amending L/Gs without a financial effect
30$
Commissions of Issuing L/Gs against counter Bank Guarantees
1/2 % Per Annum min 60$ for clients without limits and 50$ for clients with limits
1% Per Annum
on quarterly basis
 
Commission of Payment L/Gs
2% Per Annum
4% Per Annum
on quarterly basis
 
Commissions and Charges of Correspond Bank.
According to Correspondent Bank.
 
Commission of Extending L/Gs
1% Per Annum Min 60$ for clients without limits, 50$ for clients with limits
2% Per Annum
on quarterly basis
Mail: 1.50 JOD

 

Letters Of Credit / Inward & Outward
Subject
Minimum Commission
Maximum Commission
Calculation Period  
Commission of issuance Outward L/C
1/4 % Min.70$
3/8 %
Every 3 Months or part of it 50$ Flat for SWIFT + correspondence fees
 
Special Courier 3 JOD + Cost Special Courier of Inward L/C 18 JOD
Commission of Advising Inward L/C
1 Per Mille Min. 70$
2 Per Mille
 
Commission of Amendment of Outward & Inward L/C
60$ for confirmed L/C and 50$ for non-confirmed L/C Except Increase of  value or Validity Extension
Every 3 Months or part of it
Commission of Negotiating Documents  of Inward L/C
1/4 % Min.70$
3/8 %
 
Commission of Guaranteed Time Drafts  of Outward L/C
1% Min. 70$
2% Per Annum
Every 3 Months or part of it
Commission of Guaranteed Time Drafts  of Inward L/C
1% Min. 70$
1.5% Per Annum
Every 3 Months or part of it
Refund of Commission in case of Cancelling L/C
Commission is non refundable
 
Commission of Transferring Inward L/C
1/2 % Flat Min.35 JOD
   
Commission of Covering L/C
1/8 % Min.25 JOD
   
Commission of Increasing  value or Validity Extension of L/C
same as commission of issuance
   
Request certificate of L/C
50$ Flat
50$ Flat
   
Commission of Confirming  L/C
1/4 % Min.40 JOD
1/2 %
Every 3 Months or part of it and  might be doubled after 1 year

 

Credit Facilities
Subject
Minimum Commission
Maximum Commission
Apply for facilities
2$ for individuals 5$ for corporate
-
Granting, renewing, extending, increasing limit facilities
1% with the ceiling limit of 4% over the facilities duration
1% per annum is charged on the ceiling limit of the overdraft accounts and revolving loans with each grant and/or renewal
Exceeding limit of overdrawn Current Account
1%
commission charged on largest overdrawn amount depending on its amount and duration it was overdrawn for
Commission of overdrawing a current account
1%/month
commission charged on largest overdrawn amount depending on its amount and duration it was overdrawn for
Commission for postponing installments
1% of installment amount
min 5$ and max $10 for individuals
Early repayment commission
1.5%
of repaid balance (part or full)
Scheduling faltered facilities
1%
Per schedule
Change guarantee
5$
Charged to the lender per guarantee
Unused limit
1%
 
facility cancelation post management approval and prior execution
10$ for individuals 10$ for corporate
-
amending/changing collateral
10$
 

 

Cheques
Subject
Maximum Commission
Other
Cheque Book Price (20 Papers)
7$
In case where cheque book has more than 20 papers, Max commission is 0.35$ per/paper
Commercial Cheque Book (20 Papers)
15$
2$ Bank fees + Printing cost
Deposit Post Dated Cheques
0.5
Checks deposited for collection (future)
Withdraw Cheque from collection
0.50$/cheque
 
Commission for collection local cheques up to 10,000$ or equivalent
0.50$/cheque
includes the cost of clearing checks on the system
Commission for collection local cheques from 10,000$ or equivalent up to 100,000$
5$
includes the cost of clearing checks on the system
Commission for collection local cheques over 100,000$
15$
includes the cost of clearing checks on the system
Commission for collection of cheques drawn on the Israeli banks
3$
 
Commission of returned cheques for non payment
15$
Paid by drawee (issuer) in case cheque returned for non sufficient funds.
Commission of returned cheques for technical reasons
10$
Paid by drawee(issuer)  if returned for technical reasons
Stop payment of cheque
0.50$/cheque
For checks with serial numbers (checkbooks)
5$
For checks without serial numbers
Commission for issuing bank cheque
20$/cheque
Commission for certifying  cheque
5$/cheque
 
Commission for collection of foreign cheques
Min
Max
Cost of correspondent bank commission deducted from net before paying it to the customer
30$
70$
Commission of returned cheques from abroad
The value of commissions and other costs charged to foreign banks and to cover the costs of the bank with the need to disclose to the client.

 

Cards' Fees
Subject
Commission
Other
Visa
 
Gold
100 JOD
Required to obtain the prior written consent of the client on all commissions related to credit cards
Silver (Classic)
50JOD
MasterCard
 
Gold
30 JOD
Required to obtain the prior written consent of the client on all commissions related to credit cards
Silver (Classic)
15 JOD
Visa Revolving
 
Gold
30 JOD
Required to obtain the prior written consent of the client on all commissions related to credit cards
Silver (Classic)
15 JOD
MasterCard Fly & Plus
 
Platinum
75 JOD
Required to obtain the prior written consent of the client on all commissions related to credit cards
Gold
50 JOD
Silver (Classic)
25 JOD
Visa Infinite
150 JOD
Required to obtain the prior written consent of the client on all commissions related to credit cards
American Express
 
Platinum
750 USD
Required to obtain the prior written consent of the client on all commissions related to credit cards.
Gold
175 USD
Green(Classic)
95 USD
Commission of Cash Withdrawal from Visa Card / Master Card.
4% Minimum 4 JOD
Required to obtain the prior written consent of the client on all commissions related to credit cards.
Commission of Cash Withdrawal from American Express
Green & Gold
4% Minimum 15 USD
Platinum
4% Minimum 10 USD
Issuing and renewing any credit card or the replacement instead of lost or damaged card
Required to obtain the prior written consent of the client on all commissions related to credit cards.
Issuing replacement ATM card instead of lost or damaged card
5 USD
 
ATM services Commission
0.35 USD/ month
Prohibited to be collected based on the number of transactions
Issuing new password for credit and ATM cards
4 USD
Apart from being changed through the ATM
Cash Withdrawal using credit card
 
Report/ cance a report  on a credit card or lift restraint on credit card 
10 USD
In lieu of cost of mail
Commission of not using the card limit
2 USD /month
 
Commission to re-claim or object to transactions on card (card holder/seller)
Not to exceed the cost on the Bank and the Card issuer
Commission of issuing online shopping or prepaid card
 

 

Bills of Exchange
Subject
Commission
Collection Time Drafts or return of unpaid Time Draft
2 USD
Discount Time Draft
1% according to Time Draft maturity

 

Bills For Collection / Inward & Outward
Subject
Minimum Commission
Maximum Commission
Calculation Period
 
Commission of Bills for Collection
1/4 % Min. 60$
3/8%
-
 
Commission of Inward Bills for Collection Accepted Draft from buyers
1/8% Min. 20 JOD
-
-
Mail 1.50 JOD
Commission of Transferring B/Cs Among Banks
40 JOD Flat
-
-
-
Commission of Guaranteed Time Drafts  of Inward B/C
1% Per Annum Min. 25 JOD
2% Per Annum
Every 3 Months or part of it
 
Commissions and Charges of Correspond Bank
According to Cost
-
-
Special Courier 3 JOD + Cost.
Returned documents for non-payment/ not accepted
30$
-
-
Collected from bank sending documents

 

Account Opening & Management
Subject
Maximum Commission
 
Commission to open a sub-account for individuals
1$ Per sub-account
collection of other commissions for account management, savings accounts, accounts for deceased not divided upon heirs is suspended
Commission to open a main corporate account
6$
commission collected once only regardless of the number of sub-accounts and their currencies
Commission to re-open a main corporate account
2$
 
Commission of managing a dormant account that has been frozen due to no debit or credit transaction fees (excluding those related to commissions and interests) for a period of 1 year
1.5$/month
When commission is collected, other account management commissions are stopped
Collected for dormant savings accounts with balance less than 25$
Not collected for accounts of deceased account holders and which the inheritance has not been distributed to their heirs.  
Commission to manage current account and salary account
2$ for individuals 4$ for corporate
Current accounts can be overdrawn for the purpose of collecting commissions in the event of lack of funds. Commission can not be collected retroactively from the date an account is frozen